[i ne roniowing information appies to the questions displayed below.) The following are the sales transactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the gross method. Oct. 1 Sold merchandise for $3,400, with credit terms n/30, invoice dated October 1. The cost of the merchandise is $1,850. 6 The customer in the October 1 sale returned $340 of merchandise for full credit. The merchandise, which had cost $185, is returned to inventory. 9 Sold merchandise for $1,650 cash. Cost of the merchandise is $1,210. 30 Received payment for the amount due from the October 1 sale less the return on October 6. Use the above transactions, to analyze each transaction by indicating its effects on the components of the income statement- specifically, identify the accounts and amounts (including + or -) for each transaction. Income Statement Components Oct. 1 Increase/Decrease Amount Oct. 6 Increase/Decrease Oct. 9 Increase/Decrease Amount Amount Increase Sales (gross) Sales discounts Sales returns and allowances Net sales Cost of goods sold Gross profit below.) sactions of EcoMart Merchandising. EcoMart uses a perpetual inventory system and the $3,400, with credit terms n/30, invoice dated October 1. The cost of the 0. Detober 1 sale returned $340 of merchandise for full credit. The merchandise, is returned to inventory. $1,650 cash. Cost of the merchandise is $1,210. the amount due from the October 1 sale less the return on October 6. * each transaction by indicating its effects on the components of the income statement- amounts (including + or -) for each transaction. Oct 1 Brease/Decrease Oct. 6 Increase/Decrease Amount Amount Oct. 9 Increase/Decrease Oct. 30 Increase/Decrease Amount Amount